812 N Glenoaks Boulevard, Burbank, California 91502, Burbank, 91502 - bed, bath
ACTIVE UNDER CONTRACT$1,450,000
812 N Glenoaks Boulevard, Burbank, California 91502
0Bed
0Bath
3,529Sqft
9,406Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Situated in desirable Burbank with excellent access to shopping, entertainment, major studios, and the airport, ensuring strong tenant demand.
Top Cons:
Rent Control Limitations: Subject to Burbank's rent control ordinances, which may restrict future rent increases and impact long-term income growth.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1952 (73 years old).
Condition: The property was built in 1952, making it over 70 years old. The interior images, specifically the kitchen, reveal an extremely outdated style with pink and turquoise walls, black painted cabinets, and a tiled countertop with an integrated pink sink, suggesting a renovation that is 30-50+ years old or original features. No modern appliances are visible, and window AC units indicate a lack of central cooling. This property requires substantial rehabilitation and updates to meet current standards, particularly in the kitchen, bathrooms (not shown but likely similar), and HVAC systems.
Year Built
1952
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$411
HOA
-
Days on market
-
Sold On
-
MLS number
SR25157739
Home ConditionPoor
Features
View-
About this home
Fully rented out apartment building in desirable Burbank. All units are 1+1 and rented under Section 8. Six garages. 3,529 square feet on a 9,406 corner lot. Prime location with easy access to shopping, entertainment, the airport and studios. $241,666 per unit. Buyer to make their own investigation regarding current rent control for the City of Burbank.
Condition Rating
Poor
The property was built in 1952, making it over 70 years old. The interior images, specifically the kitchen, reveal an extremely outdated style with pink and turquoise walls, black painted cabinets, and a tiled countertop with an integrated pink sink, suggesting a renovation that is 30-50+ years old or original features. No modern appliances are visible, and window AC units indicate a lack of central cooling. This property requires substantial rehabilitation and updates to meet current standards, particularly in the kitchen, bathrooms (not shown but likely similar), and HVAC systems.
Pros & Cons
Pros
Prime Location: Situated in desirable Burbank with excellent access to shopping, entertainment, major studios, and the airport, ensuring strong tenant demand.
Immediate Income Stream: The property is fully rented, providing immediate and consistent cash flow from day one of ownership.
Stable Tenancy (Section 8): All units are rented under Section 8, offering reliable, government-backed rental payments and reduced collection risk.
Additional Revenue Potential: Six dedicated garages provide an opportunity for additional rental income or enhanced tenant amenities.
Desirable Lot Configuration: A 9,406 square foot corner lot offers enhanced visibility, potential for better light, and flexible access.
Cons
Rent Control Limitations: Subject to Burbank's rent control ordinances, which may restrict future rent increases and impact long-term income growth.
Age of Property: Built in 1952, the building is older, suggesting potential for deferred maintenance and future capital expenditures on systems and infrastructure.
Section 8 Management Nuances: While stable, managing Section 8 tenancies can involve specific regulatory compliance and administrative processes.